Goosehead Insurance (NASDAQ:GSHD) Price Target Raised to $127.00 at Keefe, Bruyette & Woods

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) had its price target boosted by analysts at Keefe, Bruyette & Woods from $110.00 to $127.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 3.08% from the stock's previous close.

A number of other equities analysts have also commented on the stock. BMO Capital Markets boosted their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research report on Tuesday, November 19th. Bank of America boosted their price target on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $77.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Truist Financial reiterated a "hold" rating and set a $90.00 target price (up from $80.00) on shares of Goosehead Insurance in a research report on Tuesday. Finally, TD Cowen upped their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a "hold" rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $105.10.

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Goosehead Insurance Price Performance

NASDAQ:GSHD traded up $1.61 on Wednesday, reaching $123.21. The stock had a trading volume of 1,029,692 shares, compared to its average volume of 270,123. The company has a market capitalization of $4.57 billion, a P/E ratio of 171.13, a price-to-earnings-growth ratio of 5.17 and a beta of 1.43. Goosehead Insurance has a 1-year low of $50.47 and a 1-year high of $130.39. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The stock has a fifty day moving average price of $108.32 and a 200-day moving average price of $103.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its position in Goosehead Insurance by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock valued at $1,265,000 after purchasing an additional 100 shares during the last quarter. Mechanics Bank Trust Department raised its stake in Goosehead Insurance by 4.5% in the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company's stock valued at $274,000 after buying an additional 109 shares during the period. Janus Henderson Group PLC raised its stake in Goosehead Insurance by 0.6% in the fourth quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock valued at $2,371,000 after buying an additional 139 shares during the period. New York State Teachers Retirement System raised its stake in Goosehead Insurance by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 13,468 shares of the company's stock valued at $1,444,000 after buying an additional 204 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in Goosehead Insurance by 2.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 8,942 shares of the company's stock valued at $959,000 after buying an additional 210 shares during the period.

About Goosehead Insurance

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.